tenancy
Abbey Meadows, Morpeth NE61 2BD, UK
Approx. Total Ingoings
£10,000Annual Rent
£22,000The Wansbeck Hotel presents a fantastic opportunity for an experienced publican to run this traditional pub in Morpeth, Northumberland. Ready to trade, the pub is situated near to local shops and is a short bus ride to Morpeth town centre meaning there is plenty of opportunity to attract passing trade. The pub has huge potential with its facilities to attract customers back to the pub offering a quality home cooked meal and refreshing drinks. With tasteful décor throughout, the Wansbeck offers a traditional bar, a lounge area for dining and a patio area with seating to the front of the pub. Stonegate Pub Partners are now looking for an experienced publican who can rebuild the wet and food sales and improve the entertainment offer through sports and live music.
Private Accommodation: The private accommodation is in good condition and simply requires a personal touch. It comprises two bedrooms, a lounge area and kitchen.
Indoor trading area
Internally the pub is large and traditionally decorated comprising of two trading rooms including a lounge and bar. There is a mixture of fixed perimeter seating and loose tables and chairs allowing customers to enjoy a relaxed drink or a bite to eat in a comfortable setting. The bar is a great social area and provides plenty of room for patrons both sitting and standing. There are facilities to host live music, regular events and entertainment which would attract a steady custom. The lounge area is perfect for dining and can cater for around 60 covers and considerably more for functions. There is a trade kitchen capable of producing a home cooked food offer.
Outdoor trading area
There is a delightful patio located to the front of the pub providing seating for 20 customers and a large car park with space for 30 vehicles. Externally the pub is in good decorative order and there is room to extend the external drinking experience to take into account consumer preference.
Regional Manager Comments
The Wansbeck would ideally suit an experienced hands-on publican, to drive and rebuild the wet and food trade in this large catchment area. There is huge potential to attract previous customers back to the pub, therefore the new publican should look to improve the facilities such as extended dining times, sports viewing and entertainment.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports Restaurant/Food
Approx. Total Ingoings
£10,000
Annual Rent
£22,000
Potential Turnover: £0 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £22,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £10,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £17,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
